Solid Duplex Investment
1-3 Birch Oneonta, NY 13820
1-3 Birch, Oneonta, NY, 13820
$225,000
For Sale
$225,000
MULTI_FAMILY - Other - Oneonta, NY
Property Size2,178 SF
Price / SF$103.31
Days on Market111
Property Features for 1-3 Birch
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 288.17-4-67
- Size
- 2,178 SF
Taxes and HOA fees
- Tax Annual Amount
- 2761
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Vinyl, Varies
- Building materials
- VinylSiding
- Architectural style
- Other
Listing Agency
River Hills Properties LLC Lf
(315) 508-5268
525 Albany St., barneveld, NY
Listed by
Brandon Mosher · License #10301224028
(315) 868-4596
Added: Mar 29 Checked: Jul 17 at 11:06 am
MLS# S1669847
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in a desirable rental area of Oneonta, 1-3 Birch Street is a well-maintained two-family duplex. The property features one 3-bedroom unit and one 2-bedroom unit. Both units have separate utilities. The owner is responsible for water and sewer. The property generates a current annual NOI of $16,125. This property is part of a three-property package that must be sold together. The package includes: 14-16 Otsego Street - Two-family duplex with 6 bedrooms \/ 2 bathrooms total (two 3BR units), separate utilities, NOI: $17,800 and 34 Pine Street - Two-family duplex with one 3-bedroom and one 2-bedroom unit, separate utilities, plus additional garage rental income, NOI: $15,575. Total Portfolio NOI: $49,500. Offered at a 7.125% cap rate. There are 6 total units across 3 properties with separate utilities in all buildings. The property is located in a strong rental market with consistent tenant demand and additional income stream from garage rental at Pine Street. The versatile unit mix (3BR + 2BR) attracts a broad tenant base. The property allows for efficient management with tenant-paid utilities and stable cash flow with upside potential through rent growth. The property size is 2178 square feet.
Key Highlights
- Two‑family duplex built in 1910 with one 3‑bedroom unit and one 2‑bedroom unit
- Separate utilities for both units
- Owner pays only water and sewer; water source is public
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.7k | $13.20 |
| − Vacancy | −$1.6k | −$0.73 |
| EGI | $27.2k | $12.47 |
| − OpEx | −$8.2k | −$3.74 |
| NOI | $19.0k | $8.73 |
2,178 SF · lease $13.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.7K
$237.7K – $317.0K
NOI $19,018 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.9K
NOI $17,753 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$600.4K
$525.3K – $700.5K
NOI $42,027 @ 7.0% cap · market cap 18.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex in Oneonta with reliable income.
Where is this duplex located?
The property is located at 1-3 Birch Oneonta, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑family duplex built in 1910 with one 3‑bedroom unit and one 2‑bedroom unit; Separate utilities for both units; Owner pays only water and sewer; water source is public
